BOSTON PROPERTIES INC

125.74 -0.11 (-0.09%) Buy

BXP investors take a moment to reassess their portfolio allocation

13 min read

BOSTON PROPERTIES INC ranked worse than it's peers today. It fell by -0.09% to close at 125.74. During the last week it fell by -0.98% and saw a maximum drawdown of -2.13% before bouncing back.

[Themes containing BXP]

Buy-and-Hold investors in BXP experienced a maximum drawdown of -9.95% over the last three months. It delivered -1.0% during this flat trending period. There were both Long and Short signals during this period, where the short signals were marginally more profitable than the long signals. The net profit from Short signals was +4.92%.

Trend

BXP has been outperforming the SP500 index in recent time. It showed significant underperformance (compared to the SP500 index) from 10 Aug, 2016 to 3 Oct, 2018. Over the last 2 years 11 months and 10 days, BXP underperformed the SP500 index on 48% days. Which indicates that on days BXP underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.

During the last three months BXP delivered profits on 50% days. However, it still managed to end this period in a loss. It's best return during this period (of +3.23%) was on Wednesday, 31 Oct, 2018. While it's worst loss in the same period (of -3.94%) was on Thursday, 11 Oct, 2018. The longest stort-term trend during this period was 5 losing days, which started on 1 Oct, 2018 and ended on 5 Oct, 2018. This bearish trend lost -3.47% of investor capital.

During the last year BXP had 6 profitable months and 6 loss making months. BXP returned profits in fewer months than SP500 index. BXP significantly outperformed SP500 index in Nov 2018, when it returned +8.65% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. BXP had a shorter streak of profitable months than SP500 index. It only went up in 4 straight months during the last year.

The hardest thing to understand in the world is the income tax.
-- Albert Einstein

BXP is currently seeing overall increase in volatility. In comparison, the SP500 index is seeing increase in volatility. During the last three months, there was a significant surge in BXP's volatility from 17 Sep, 2018 to 1 Nov, 2018. While there was a significant surge in the SP500 index's volatility from 25 Sep, 2018 to 29 Oct, 2018.

Advanced/professional short-term investors should note that BXP has significant positive skewness in it's return distribution. This indicates that investors can expect BXP to recover from drawdowns quickly. Which makes BXP a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

BXP has more chance of extreme outcomes than the SP500 index. Therefore, BXP must receive a lower allocation than SP500 in your portfolio. SP500 index usually has shorter drawdown period than BXP.

Based on your interest in BXP you may find it interesting to know that AMD, TWTR and ABMD are mid caps that have all shown remarkable performance and qualify to be on every investor's watchlist.

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